2024-11-05

Added · Updated

Payment Card Direct Debit Authorisation

The regulator issued this circular on 5 November 2024 to establish conduct standards for authorized institutions regarding payment card direct debit authorizations. The document addresses consumer protection requirements within the banking sector to ensure proper handling of direct debit mandates. It serves as a regulatory guideline for all authorized institutions to maintain compliance with banking conduct and enforcement rules.

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Hong Kong Monetary Authority

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CIR

Current

Issue Date:

05 Nov 2024

20241202-6-EN.pdf (240.0 KB)

Topic:

Banking Conduct & Enforcement - Consumer Protection

Group:

All Authorized Institutions

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Cross referenced Document

Version History

Superseded Document

Directly related Document

Directly related Document

Cross referenced Document

Version History

Superseded Document

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